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February 26, 2003
Josmar Verillo Named President of Alcoa Latin America; Adjarma Azevedo to Retire as Chairman of Alcoa Aluminio at End of 2003
PITTSBURGH--(BUSINESS WIRE)--Feb. 26, 2003--Alcoa (NYSE:AA)
announced that Josmar Verillo, 50, has joined the company as president
of Alcoa Latin America. He will oversee the company's aluminum and
electric power assets in South America and will be based in Sao Paulo,
Brazil. He succeeds Adjarma Azevedo, 63, who was president, Alcoa
Latin America and Alcoa Aluminio, Alcoa's Brazilian affiliate. Adjarma
will continue to serve on the Alcoa Aluminio board as chairman until
his retirement at the end of 2003 and will also focus on government
relations and power negotiations during the transition. Mr. Verillo is
the former chief executive officer of Klabin Industries, the largest
pulp and paper company in Brazil, a position he has held since 1998.
Biographical information follows:
Josmar Verillo joined Alcoa in January 2003 in his present
position. Mr. Verillo had worked for Klabin Industries, the largest
paper manufacturers in Brazil, for 13 years in several senior
management positions including purchasing director and president of
Klabin's largest business unit, Parana, culminating as chief executive
officer in 1998.
Earlier, he held management positions at Empress de Caolim, a
mining company, and Brazilian government positions at the country's
embassies in London and Caracas, where he was responsible for the
Mr. Verillo received a Ph.D in economics of natural resources from
Michigan State University in the United States. He holds an M.B.A.
degree from Instituto de Estudios Superiores de Administracion,
located in Caracas, Venezuela. His undergraduate degree in finance and
marketing is from Pontificia Universidade Catolica de Sao Paulo,
located in Sao Paulo, Brazil.
Mr. Verillo was elected a member of the Forum of Mercosul leaders
by Gazeta Mercantil newspaper, one of the largest Brazilian financial
newspapers, for the year 2000-2001. He is the founder of AMARRIBO, a
nonprofit organization dedicated to promoting human development in the
Ribeirao Bonito city in Brazil, and was the recipient of the Thoman
Fellowship given by Michigan State University to research poverty and
Adjarma Azevedo was named president, Latin America and Alcoa
Aluminio, Alcoa's Brazilian affiliate, in January 2000. His most
recent position was executive director of Alcoa Aluminio.
Adjarma joined Alcoa Aluminio in 1970 as chief sales administrator
in Sao Paulo. He then began a series of sales assignments before being
named commercial manager in 1979. Over the next several years, Adjarma
directed many Alcoa Aluminio divisions including extrusions, flat
rolled products, primary metals, cable and castings as well as
responsibility for energy issues. In 1993 he also assumed
accountability for AFL do Brasil, a joint venture between Alcoa
Fujikura Ltd. and Alcoa Aluminio.
Currently, Adjarma is the President of ABAL (Brazil's Aluminum
Association), and a member of the board of directors of Alcatel Cabos
and Phelps Dodge Alcoa Fios e Cabos Eletricos S.A., joint-ventures
with Alcoa Aluminio.
Note to Editors: In the word "Ribeirao Bonito" mentioned in this
release, there should be a tilde over the "a" in "Ribeirao".